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Stock market echoes weak global cues: Sensex slips over 200 points, Nifty at 11,305
Posted on 3rd October 2019
Equity indices were in the negative territory during early hours on Thursday amid weak global cues.

At 11:10 am, the BSE S&P Sensex was down by over 200 points at 38,093 while the Nifty 50 slipped by 54.85 points to 11,305.05.

Rate sensitives plunge on panic selling in banks; YES Bank tumbles 30%
Posted on 1st October 2019
Shares of rate sensitive sectors like banking, real estate and automobile companies came under heavy selling pressure on Tuesday, falling by up to 30 per cent on the National Stock Exchange (NSE).

The Nifty PSU Bank index tumbled 8 per cent in intra-day deals to 2,118, its lowest level since May 2016. Nifty Realty, too, slipped 6 per cent to 241, while Nifty Private Bank and Nifty Auto indexes down 3 per cent and 2 per cent, respectively. In comparison, the benchmark Nifty 50 index down 1.75 per cent at 11,273 points.

Sensex dips 300 points, Nifty down led by fall in private banks
Posted on 30th September 2019
Mumbai: Benchmark equity indices fell another 300 points on Monday, led by a fall in shares of private banks and steel companies. Investors exercised caution ahead of the release of the government’s borrowing plan for the second half of the fiscal year and fiscal deficit data, due later in the day.

Sensex surges over 400 points; bank stocks rally
Posted on 26th September 2019
Mumbai: Equity benchmark BSE Sensex rallied over 400 points in early session on Thursday, led by gains in banking stocks, tracking positive cues from global markets.

After hitting a high of 39,008.83, the 30-share index was trading 384.54 points, or 1 per cent, higher at 38,978.06 at 0945 hours, while the broader Nifty rose 120.75 points, or 1.06 per cent, to 11,560.95.

Stock markets may be wobbly, Asian shares down
Posted on 25th September 2019
Mumbai: Indian stock markets may be tepid on Wednesday as global peers are weak. Asian stocks fell on Wednesday after US lawmakers called for an impeachment inquiry of President Donald Trump, increasing the prospects of prolonged political uncertainty in the world's largest economy.

Reliance Industries (RIL) shares surge, help support Sensex: 10 updates
Posted on 24th September 2019
A rally in market heavyweight Reliance Industries or RIL helped support Indian stock markets today. The Sensex had rallied nearly 3,000 points in the previous two sessions on optimism that the corporate tax cuts will lift corporate profitability, private capex and ultimately the broader economy. Many brokerages have upgraded their earnings estimates of India Inc and Sensex targets.

National Stock Exchange system hit by glitch in final minutes of trade
Posted on 24th September 2019
The National Stock Exchange (NSE) system faced trading outage, with investors unable to place orders in the last 15 minutes of the trade on Monday. The move hit several brokers and traders who had active positions in the market.

Sources said the exchange is looking to ascertain the reason for the glitch. Some officials said the problem occurred due to a connectivity issue with one of the internet services providers, Sify.

Corporate tax cut move drives on stock market; Sensex gains 1,126 pts, Nifty at 11,600
Posted on 23rd September 2019
Following the central government's recent move to slash corporate tax rates, domestic equity indices continued to rise on Monday, signalling a healthy gain in the market and cheering investor sentiments. At 11:20 AM, the BSE SENSEX index surged 1,126.85 points in early trade to stand at 39,141.47, while the NSE NIFTY 50 crossed the 11,600 mark, indicating a 339.35 point increase.

Sensex zooms over 2,000 points after government announces fiscal measures to boost growth
Posted on 21st September 2019
Equity indices surged by over 5 percent to record highs as Finance Minister Nirmala Sitharaman slashed corporate taxes and announced a Rs 1.45 lakh crore stimulus to shore up growth and investments.

The development came ahead of a crucial meeting of the Goods and Services Tax (GST) Council on whether or not to cut rates for sectors like automobile, tourism, FMCG and others which have witnessed slowdown due to economic slump.

Govt cuts corporation tax to 25.17% for domestic firms; Sensex up 1200 pts
Posted on 20th September 2019
In a major fiscal booster, the government on Friday slashed effective corporatIon tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.

Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1.

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